The nature of informality in the South African funeral services market
The nature of informality in the South African funeral services market
5 June, 2013 •Implications for policymakers and regulators
Funeral insurance is the most prevalent form of insurance in South Africa with just less than 90% of all risk cover being attributed to this form of insurance, more than a quarter of which is informal.
This 2012 paper presents the nature of informality in the South African funeral services market and provides empirical evidence to address new questions arising from interventions set forth by the South African government.
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